Personal Finance This variant of SBI fixed deposit pays interest only at time of maturity Updated : September 12, 2020 03:04 PM IST State Bank of India (SBI) offers a variant of fixed deposit (FD), known as reinvestment plan, where interest is paid out only at the time of maturity. Regular interest is added to the principal and compound interest is calculated and paid thereon. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.